Mitesh Thacker , Technical Analyst, miteshthacker.com, talks to ET Now on various stocks. What is your call on UltraTech Cement? UltraTech Cement which recorded an all time high or highest ever weekly closing on the last Friday. So this one can be bought with a stop at 1180, price targets at 1280, possibly even higher are very likely over here.

JAIPUR: Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) and Ultratech Cement Ltd signed an MoU for commissioning of a railway project in Sikar and Jhunjhunu districts in the state. The MoU was signed by RIICO Managing Director Rajendra Bhanawat and Assistant Vice-President, Ultratech Cement Ltd, Rakesh Misra. As per the MoU, RIICO will acquire 67.812 hectares of land in Sikar and Jhunjhunu districts for the project. The company will lay a 6 km railway siding from villages Kolida and Beri in Sikar district to the plant site in village Turkani in Jhunjhunu district, Bhanawat told PTI. Ultratech Cement Ltd is setting up a cement project worth Rs 2,500 crore and will generate direct and indirect employment to 2,500 persons.

Mitesh Thacker , Technical Analyst, miteshthacker.com, talks to ET Now on various stocks. What is your call on UltraTech Cement? I have got a sell on UltraTech Cement which has not gone into a corrective mode. So this one can be shorted with a stop at about 1110 and the first price target on the downside which I would expect the price to move to would be around 1040.

MUMBAI: APTART Technical Services has advised traders to buy Ultratech Cement for target of Rs 936. "Buy Ultratech Cement in the range of Rs 895-890 with stoploss of Rs 882 for target of Rs 936. Price and volume breakout seen in the stock," said Sandeep Wagle, founder & MD, APTART. Note: Trading idea valid for time-period of 7-8 trading sessions. The entry / exit price levels, stop-losses, targets as well as the time frames are indicative and viewers should use their discretion in implementing the same.

Mitesh Thacker , Technical Analyst, miteshthacker.com, talks to ET Now on various stocks. What is your call on UltraTech Cement? A buy on UltraTech Cement. I have been liking the stock for quite sometime now but I would wait for a confirmation over here. A buy above 1175-1176 which is an important level for the stock to cross. Once it does that, buy the stock at about 1144, price target of 1250 plus is possible over here.

P Phani Sekhar, Fund Manager-PMS, Angel Broking, shares his views on UltraTech Cement . ET Now: What is your view on UltraTech Cement? P Phani Sekhar: The numbers are okay considering the overall micro environment in which they are operating but they are not at all good when you compare them with the valuations at which you are trading that to a good extent explains the ambivalence that is being witnessed in the stock price.

MUMBAI: Sandeep Wagle, MD, APTART is of the view that Ultratech Cement has seen a price and volume breakout. He has advised traders to buy the stock for target of Rs 1205. "Buy Ultratech Cement in the range of Rs 1165-1155 with stop-loss of Rs 1144 for target of Rs 1205. Price and volume breakout seen in the stock," said Wagle. Note: Trading idea valid for time-period of 5-7 trading sessions. The entry / exit price levels, stop-losses, targets as well as the time frames are indicative and viewers should use their discretion in implementing the same.

NEW DELHI: Aditya Birla Group firm Ultratech Cement plans to increase the strength of its Board to 15 from 12 now, keeping in mind company's current size of business and its future growth plans. "The maximum permissible limit of the Directors under Articles of Association of the company is 12. "Considering the increase in size of operations of the company and its future growth plans, it is proposed to increase the maximum number of directors from the existing 12 to 15," the company said in a notice to shareholders.

MUMBAI: Shares of Ultratech Cement moved higher in early trade after the company got an approval from CCI for purchase of Jaypee Cement Corporation's facilities in Gujarat. As per the deal, Ultratech, a leading manufacturer of cement in India, will acquire Jaypee's cement unit in Gujarat comprising an integrated cement plant at Sewagram, limestone reserves, captive power plant and mining leases for Rs 3,800 crore. In an order released today, the Competition Commission of India (CCI)